By means of Legal Notice 86 of 2024, the Government of Malta has published the ‘Donations to Voluntary Organisations Rules’, by virtue of which a company which makes a donation to which these rules apply, shall have the right to a tax credit for the year of assessment in question in respect of that donation.
The tax credit which may be given to a company for any year of assessment in accordance with these rules shall be the lesser of the following two amounts:
(a) 35% of the total of the donations made by it in the year immediately preceding that year of assessment; or
(b) five hundred euro (€500).
These rules shall apply to cash donations made by companies on or after 1st January 2024 to voluntary organisations that are enrolled with the Commissioner for Voluntary Organisations in accordance with the Voluntary Organisations Act and operating directly in the field of social, environmental or animal welfare.
If you need any help or assistance with the above-mentioned, please do not hesitate to contact us on [email protected]
